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iPhone2, Inc. Announces Plans to Go NASDAQ.

BOCA RATON, Fla. -- iPhone2, Inc. (Pink Sheets:IPHN), a publicly-traded company which has created proprietary video/voice Internet software called ImagePhone2(TM), today announced they have retained an accounting firm to comply with SEC regulations on becoming a fully reporting company.

iPhone2 is an enhanced service provider marketing a unique broadcast quality (30 frames per second) video/voice (Soft-Phone) utilizing MPEG4 technology. The Company's product, called ImagePhone2, is the Next Generation of Internet Video/Voice communications; iPhone2's customers can place unlimited peer-to-peer video/voice calls, as well as originate or receive video/voice calls from anywhere in the world using their desktop or laptop computer and a broadband connection.

Customers will enjoy the broadcast video quality (30 frames per second) based on iPhone2's technology. Unlike other hardware based VoIP models such as those offered by SBC (NYSE:SBC), Comcast (Nasdaq:CMCSA), Vonage, AT&T, CallVantage (NYSE:T), Packet 8 (NASDAQ:EGHT) and Delta Three (NASDAQ:DDDC), ImagePhone2(TM) is software based and is not constrained by inventory, stocking or delivery issues that plague hardware-based suppliers.

"We're extremely excited to announce our plans to become a fully reporting and audited company", said Chip Greenberg, iPhone2's President and CEO. "This is an extremely important move forward, and is the first step in our plans to a listing on the NASDAQ."

Greenberg further stated: "Our web site has been inundated for product inquires, downloads and monthly subscriptions. Our business model is quite unique," added Greenberg, "Our customer acquisition cost is minimal and our break even point is month three of operation."

The company, plans on completing its audit and filings for NASDAQ by the end of December.

iPhone2 Inc. - (Pink Sheets:IPHN) is an enhanced service provider that developed and markets a unique video/voice soft phone, ImagePhone2(TM). The Company's service is the Next Generation of soft phone technology, allowing customers to make and receive unlimited point-to-point video/voice calls as well as originate or receive voice calls from anywhere in the world where there is Internet service. ImagePhone2(TM) was developed to be straightforward and user friendly, and is integrated into a robust carrier grade redundant VolP Platform for feature rich services and scalability. The service can be scaled to large levels with minimum personnel requirements and no constraining end-user hardware.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although iPhone2 believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be correct. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by iPhone2 or any other person that the objective and plans of iPhone2 will be achieved.
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Publication:Business Wire
Date:Nov 16, 2005
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